Today, we’re going on a journey to explore the estimated Protean eGov Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected Protean eGov Share Price Target.
Protean eGOV Technologies Limited, previously known as NSDL e-Governance Infrastructure Limited, is conducting an IPO scheduled to take place from November 6, 2023, to November 8, 2023.
The IPO is structured as a Book-Built Issue, offering 6,191,000 shares priced at ₹10 each, aggregating up to ₹490.33 Crores. The price band for the offering is set between ₹752 and ₹792 per share. Notably, the company has also earmarked an employee discount of ₹75 per share.
Investors in the IPO can bid for a minimum lot size of 18 shares. The total issue size of 6,191,000 shares, amounting to ₹490.33 Crores, is entirely an Offer for Sale (OFS).
Overview of Protean eGov
| Name | Protean eGOV Technologies Limited |
| Symbol | PROTEAN |
| Industry | Technology |
| Founded | 27 December 1995 |
| Headquarters | Mumbai, Maharashtra |
| Services | Technology and e-Governance Services |
| Country | India, Australia, Malaysia |
| Locations | Headquarters in Mumbai |
| Website | proteantech.in |
| Profile | Protean Tech |
The company was formerly known as NSDL e-Governance Infrastructure Limited and changed its name to Protean eGov Technologies Limited in 2021. Protean eGov Technologies Limited offers a range of services including e-governance solutions, technology solutions, and consulting services. Its e-governance solutions include services such as e-procurement, e-tendering, and e-auctioning.
The company’s technology solutions include software development, system integration, and IT infrastructure management. Protean eGov Technologies Limited has a presence in multiple locations across India, Australia, and Malaysia.
Protean eGov Technologies Limited has also been involved in setting up the technology infrastructure for Aadhaar authentication and e-KYC services in India. The company has used its project management capabilities and technology expertise to deliver innovative solutions to its clients.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Protean eGov Share price target for 2023, 2025, 2030 to 2050.
Keep an eye on Protean eGov’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Protean eGov’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for Protean eGov stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the Protean eGov share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. Please find the latest research reports available on Protean eGov.
Fundamentals of Protean eGov
The fundamental analysis of Protean eGov Limited focuses on key factors to better understand the company’s valuation.
- Strengths
- Legacy and Reputation: Originally NSDL e-Governance Infrastructure Limited, the company likely has a robust standing in e-governance.
- Specialization in e-Governance: Their focus on e-governance positions them advantageously in a sector that is critical for the digital transformation initiatives of the Indian government.
- Market Experience: The company’s established history in the Indian market gives it an edge in understanding the regulatory and operational landscape.
- Weaknesses
- Limited Historical Data for Public Investors: Lack of previous public trading history might make it difficult for investors to gauge stock performance potential.
- Perception of Risk: The warnings in the prospectus about investment risks might deter some potential investors.
- Opportunities
- Digital India Initiative: The Indian government’s ongoing push for digitization, especially in public services, opens vast avenues for growth and expansion.
- Technological Advancements: Continued innovation in digital governance solutions can provide new business opportunities.
- Diversification of Services: Post-IPO capital can enable expansion into new service areas or geographies, broadening the client base.
- Threats
- Competitive Market: The technology and e-governance sector is rapidly evolving, with new players and innovations posing a constant challenge.
- Regulatory Risks: Operating in a domain that frequently intersects with government policies, any regulatory change could significantly impact business operations.
- Economic Volatility: As with most technology-focused companies, economic downturns could affect government spending on digital infrastructure, impacting revenue streams.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Protean eGov price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹850 | ₹950 |
| 2024 | ₹1000 | ₹1200 |
| 2025 | ₹1500 | ₹1800 |
| 2026 | ₹2000 | ₹2500 |
| 2027 | ₹3000 | ₹3500 |
| 2030 | ₹5000 | ₹6000 |
| 2035 | ₹8000 | ₹10000 |
| 2040 | ₹12000 | ₹15000 |
| 2050 | ₹20000 | ₹25000 |
Our minimum target for 2023 is ₹850 per share, while our maximum target is ₹950 per share. We believe that the company’s strong financial performance, strategic partnerships, and innovative product offerings will continue to drive growth in the coming years. In addition, the company’s renewed agreement with the Income Tax Department and its expanding subscriber base for the National Pension System (NPS) is expected to provide a steady stream of revenue.
Our minimum target for 2024 is ₹1000 per share, while our maximum target is ₹1200 per share. We expect the company’s revenue and profitability to continue to grow, driven by its expanding product portfolio and customer base. In addition, the company’s investment in Open Network for Digital Commerce and its partnerships with distribution networks such as Nearby Technologies Private Limited and Fino are expected to provide additional revenue streams.
Our minimum target for 2025 is ₹1500 per share, while our maximum target is ₹1800 per share. We believe that the company’s focus on innovation and customer-centricity will continue to drive growth in the coming years. In addition, the company’s expanding presence in the healthcare sector and its partnerships with leading hospitals and healthcare providers are expected to provide significant revenue opportunities.
Our minimum target for 2027 is ₹3000 per share, while our maximum target is ₹3500 per share. We believe that the company’s strong financial performance and strategic partnerships will continue to drive growth in the coming years. In addition, the company’s focus on sustainability and social responsibility is expected to enhance its brand value and reputation.
Our minimum target for 2030 is ₹5000 per share, while our maximum target is ₹6000 per share. We expect the company’s revenue and profitability to continue to grow, driven by its expanding product portfolio and customer base. In addition, the company’s focus on innovation and technology-enabled solutions is expected to provide significant revenue opportunities in emerging sectors such as smart cities, digital education, and e-commerce.
Our minimum target for 2035 is ₹8000 per share, while our maximum target is ₹10000 per share. We believe that the company’s strong financial performance and strategic partnerships will continue to drive growth in the coming years. In addition, the company’s focus on sustainability and social responsibility is expected to enhance its brand value and reputation.
Our minimum target for 2040 is ₹12000 per share, while our maximum target is ₹15000 per share. We expect the company’s revenue and profitability to continue to grow, driven by its expanding product portfolio and customer base. In addition, the company’s focus on innovation and technology-enabled solutions is expected to provide significant revenue opportunities in emerging sectors such as artificial intelligence, blockchain, and quantum computing.
Our minimum target for 2050 is ₹20000 per share, while our maximum target is ₹25000 per share. We believe that the company’s strong financial performance and strategic partnerships will continue to drive growth in the coming years. In addition, the company’s focus on sustainability and social responsibility is expected to enhance its brand value and reputation. We also expect the company to continue to invest in emerging technologies and expand its global footprint, providing significant revenue opportunities in new markets.
Competitors of Protean eGov
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Tata Elxsi | 64.13 | 50343.88 |
| Persistent Sys | 47.90 | 48058.12 |
| KPIT Technologi. | 76.67 | 37487.80 |
| Oracle Fin.Serv. | 18.95 | 34773.89 |
| PB Fintech. | 33594.44 | |
| Coforge | 43.60 | 31634.53 |
| Sonata Software | 38.73 | 18422.14 |
Analyst Recommendations
Protean eGov Buy or Sell
Daily Low / High
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– Based on our analysis, the maximum share price target for Protean eGov in 2023 could be ₹950.
– The IPO with a price band ranging from ₹752 to ₹792 per share.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Protean eGov Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Protean eGov stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
